Canada's Overburdened Businesses
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higher annual regulatory costscalgarysun
•Business
Business & Economics
GREEN: Time to finally cut red tape and liberate businesses in Canada
80% Informative
In 2024 , businesses of all sizes spent 768 million hours on regulatory compliance — the equivalent of nearly 394,000 full-time jobs.
In 2020 it cost Canadian businesses $45.4 billion to comply with regulations compared to $51.5 billion in 2024 .
Small businesses face significantly higher annual regulatory costs per employee compared to large businesses.
Nova Scotia , whose regulatory red-tape costs grew by 22.8% from 2020 to 2024 , led the pack.
VR Score
83
Informative language
83
Neutral language
23
Article tone
formal
Language
English
Language complexity
56
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
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